Saving Money During the Holidays

We all know when winter time approaches so does cold weather, calls from relatives, vacation time, and holiday shopping. As much as everyone enjoys the festivities that winter may bring, we cringe at the damage on our credit card and bank statements. Let this be the year that you put an end to bringing in the New Year with financial guilt and stress. You don't have to deprive yourself of your favorite holiday traditions of buying gifts or visiting family out of town. However, you can make adjustments that will benefit your finances in the long run. Here are some of this week’s best articles on how you can save a lot of money during this hectic season.

Remember:

It’s never too late or early to start practicing good saving habits, especially during this time of year.

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Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.